LB Foster: acquisition of two UK-based rail technology companies

LB Foster Company (NASDAQ: FSTR), a global provider of product and service solutions for the rail and infrastructure markets, announced its acquisition of Skratch Enterprises Ltd. (“Skratch”), a digital solutions company based in Telford, UK, and Intelligent Video Ltd. (“IV”) of Leamington Spa, United Kingdom.

LB Foster designs, develops, manufactures and installs a range of mobile, wireless and digital customer information signage systems for use in railway stations and airports. Skratch, an industry leader in digital systems integration in the UK, brings advanced digital signage technology and capabilities to LB Foster that can be leveraged in both the rail space and the marketplaces. adjacent details.

Skratch has established a unique position in the market, offering a single-point provisioning solution model for customers and enabling large-scale deployments. Its service offerings include design, prototyping and proof of concept, hardware and software, logistics and warehousing, installation, maintenance, content management (CMS) and managed monitoring. The single-point solution model provides a streamlined project delivery methodology that reduces complexity for the end user.

LB Foster has worked with Skratch on digital solutions for the retail sector in the past, including the first digital signage application using British Sign Language interpreters in ASDA superstores, a British supermarket chain .

IV is a developer of high quality surveillance, security and safety solutions. They provided outsourcing services for LB Foster’s Remote Condition Monitoring (RCM) and Inform Visual Communications solutions. IV also provides LB Foster with enhanced technical resources to assist with a variety of existing and developing solutions for the company.

John Kasel, President and CEO of LB Foster Company, said, “These acquisitions fit perfectly with LB Foster’s announced growth strategy in 2021. Skratch’s accomplished team offers new learning, expertise and an experience that complements the existing growth activities of LB Foster. , and provides access to wider target markets in the UK and Europe. IV provides unique expertise and capabilities that contribute to our aspiration to grow our technology-driven solutions offering. »

Skratch and IV collectively employ 38 people at their offices in Telford and Leamington Spa. Skratch and IV will operate as stand-alone subsidiaries within the LB Foster group of companies.

LB Foster employs over 450 people in the UK and around 1,300 worldwide.

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